We are finally seeing an increasing focus by companies on preparing for IFRS 15 Revenue from Contracts with Customers, the new revenue standard which comes into force from next year, and also some focus on the new leasing standard, IFRS 16 Leases, which arrives a year later.

This is not the only new standard which companies should be well advanced in their preparations for, as 2018 also heralds the arrival of the new financial instruments standard, IFRS 9.